Visit of Philippe Maystadt, president of the European Investment Bank to the EC

José Manuel Barroso, President of the EC, and Joaquín Almunia, Member of the EC in charge of Economic and Monetary Affairs, received Philippe Maystadt, president of the European Investment Bank, to sign a memorandum of understanding between the EC and the EIB on the coordination of the policy on foreign loans. The objective of the memorandum is to increase the coherence of the EIB's loans with the objectives of the EU's foreign policy by reinforcing the dialogue and the planning between the two institutions, to maximize the use of the ressources assigned to grants and loans.